Cambodia
Quick Facts
| Population | 16 million (2017) |
| GDP at PPP (current international dollars) | 64 billion (2017) |
| GDP per capita at PPP (current international dollars) | 4,002 (2017) |
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Cambodia has made major advances in agriculture through increased productivity, and the diversification and commercialization of key crops. Cambodia has stimulated the growth of competitive farms and rural enterprises, connected rural areas to markets, and created more jobs. Other agriculture projects include the building of sustainable rural infrastructure, such as irrigation systems, and promoting productivity, competitiveness, and climate change resilience.
Cambodia is also working to provide an adequate supply of energy throughout the country at an affordable price. This is designed to bring the economic benefits of a reliable energy supply to people in rural areas, while at the same time encouraging investment, and building the national economy. In coordination with its GMS partners, Cambodia is exploring sustainable options for the exploration and development of its energy resources, while at the same time taking a leadership role in green growth initiatives.
Cambodia has one of the world’s most spectacular environments. With rich diversity in species and ecosystems, Cambodia’s forests, wetlands and coastlines are among the best preserved in Asia. Cambodians have recognized this environmental treasure, and are working to better manage rapid economic growth with sustainable environmental practices. This includes protecting vital water resources, such as Cambodia’s great lake – the Tonle Sap – and working to control floods that particularly hurt the poor and vulnerable.
Like other GMS countries, Cambodia needs to develop its human resources in order to sustain economic growth, create more jobs, and further reduce poverty. With the support of its partners, Cambodia is working to educate and train its people to be globally competitive. The country has seen an increase in overall student enrolment, an improved curriculum, and a greater focus on vocational training and career orientation. There has been a particular focus the training of health professionals, and the protection of Cambodian workers migrating to nearby countries.
The number of fixed and mobile telecommunications users is rapidly expanding in Cambodia, as is Internet usage. The government has worked, in coordination with its GMS partners, to improve the policy and regulatory environment for telecommunications. With cross-border connections to Thailand, Lao PDR, and Viet Nam, Cambodians are becoming increasingly connected to their GMS neighbors. This has spurred economic activity, and greater access to global and regional knowledge resources.
Tourism in Cambodia has skyrocketed in recent years, with visitors – many from neighboring GMS countries – touring ancient Khmer sites, such as Angkor Wat. In addition to the lively capital of Phnom Penh, visitors are exploring the picturesque Tonle Sap Lake, the majestic Mekong River, the unspoiled Cardamom Mountains, and the alluring southern coasts near Sihanoukville. The country is working with its GMS partners to develop a sustainable tourism sector that reduces poverty and protects natural resources and culture. Projects are underway to develop human resources that serve the tourism sector, and build tourist-related infrastructure.
Cambodia is encouraging trade and investment by working to develop a strong private sector that supports both small enterprises and large corporations. The country also recognizes the importance of microfinance for the poor. Cambodia is working to strengthen the regulatory regime governing financial institutions and promote private sector involvement in regional integration. Cambodia’s fast-growing economy still needs more modern financial infrastructure, including effective bank and insurance regulations.
In the area of transport, Cambodia has benefited from the development of the Southern Economic Corridor: a package of diverse investments along three major subregional routes – one cutting across northern Cambodia including Siem Reap, another running along the western coast, and the third a modern highway that links Phnom Penh, Bangkok and Ho Chi Minh City. These vital thoroughfares have spurred economic growth in communities all along the corridors, and beyond. Cambodia is also working to upgrade its national highway system, particularly roads that link rural areas to cities. The country’s airports and rail system have also been improved, and are slated for further upgrades.
PHNOM PENH, CAMBODIA (10 November 2015) – Cambodia and the Asian Development Bank today signed loan and grant agreements totaling $64 million for two projects which will further improve the country’s irrigation schemes and malaria control and monitoring systems.
PHNOM PENH, CAMBODIA - The Asian Development Bank is supporting the Government of Cambodia to develop a National Environmental Strategy and Action Plan to help the country achieve its sustainable development goals.
PHNOM PENH, CAMBODIA (22 September 2015) – Cambodia’s economy is expected to remain strong through 2016, though it is likely to grow at a slightly slower pace than forecast earlier this year, according to a new report by the Asian Development Bank.
Renewable energy is a challenge, but also an opportunity for new industries, employment, and new ways to reduce dependency on fuel imports, provide electricity to poor remote areas, reduce air pollution, and provide a healthier environment.
MANILA, PHILIPPINES (5 June 2015) – The Asian Development Bank has approved a pioneering regional technical assistance initiative, with finance from the Nordic Development Fund, to help Cambodia, the Lao People’s Democratic Republic, and Viet Nam respond to climate-induced health threats.
ADB has helped turn former war-torn Greater Mekong Subregion countries of Cambodia, Lao PDR, and Viet Nam into a booming tourist destination.
Better cross-border transportation and electricity links are central pillars of both the Greater Mekong Subregion program and Asian Development Bank's work in support of Cambodia's development.
Over 500 kilometers of roads in six provinces in Western Cambodia are being rebuilt and repaired under a flood damage emergency reconstruction project. The region is crucial to the country's agrarian-based economy.
PHNOM PENH, CAMBODIA (10 December 2014)– In an effort to highlight the contribution of youth to the Greater Mekong Subregion, the Asian Development Bank is assisting 36 national youth representatives from Mekong countries on a journey of learning, to culminate in a youth message to the 5th GMS Summit to be held in Bangkok, Thailand next week.
A Greater Mekong Subregion project helps builds a transmission line from Viet Nam to Cambodia to provide a steady supply of electricity to communities and industries in the southern part of the country.